Palantir’s billionaire co-founder Peter Thiel filed with the SEC on Monday to promote 2 million shares of the information analytics firm’s inventory for $280 million.
Thiel helped discovered the corporate in 2003, together with Alex Karp, Joe Lonsdale, Stephen Cohen and Nathan Gettings. He took inspiration from the fraud detection system he developed at PayPal and contributed $30 million in seed capital.
Early assist from In-Q-Tel, the funding arm of the CIA, enabled the corporate to launch the Gotham platform in 2008 to serve intelligence and protection shoppers. The corporate went public in 2020.
Palantir ended 2025 with a robust fourth quarter, with income of $1.4 billion, up 70% year-over-year and beating expectations. Adjusted earnings per share had been $0.25, beating expectations of $0.23.
The sturdy outcomes had been pushed by a 137% enhance in U.S. industrial income and a 66% enhance in U.S. authorities gross sales. Palantir additionally mentioned it anticipated income of $1.5 billion within the first quarter and about $7.2 billion in 2026, each of which beat Wall Road expectations.
